Goods that are not yet in existence or are not yet owned by the seller are__________ goods.
A) fungible
B) nonexistent
C) future
D) contingent

Question

Quizplus · Accepted Answer

Future goods are defined as goods that are not yet in existence, or are owned by the seller but have not yet been identified as the specific goods to be sold. Fungible goods refer to goods that are interchangeable or indistinguishable from each other, while nonexistent goods do not exist at all. Contingent goods are goods whose sale depends on the occurrence of some event, such as the buyer securing financing.

Goods That Are Not Yet in Existence or Are Not